In 2014, an analysis of Youngstown’s housing market was completed based on a similar model developed by Alan Mallach, with the Center for Community Progress. Each of the city’s census tracts were included in the analysis in order to measure the level of housing market stability across the city. The analysis took various factors into consideration, including vacancy rate; mortgage ratio (the ratio of home purchase mortgages to total home sales); sales ratio (the ratio of annual single family sales to the total single family inventory); median sales price; homeownership rate; change in homeownership rate; calls for service to the police department; poverty; population loss; and tax delinquency. These variables were compiled into a composite score for each neighborhood, which classifies its housing market into five categories: stable, functional, constrained, weak, and very weak. This market analysis is used as a tool in making policy decisions, as different neighborhood types require unique revitalization strategies.
A detailed description of the market analysis, as well as a map of the City’s neighborhoods by housing market type, is found in the executive summary of the neighborhood conditions report, available for download below.